Task
This assessment item consists of two parts. Both parts must be completed in order to complete this assessment item.
Part 1 (40 marks)
Part 1 Task
Your task for this part of the assessment item is to answer the following two questions. Each question will carry equal (20 marks) and your answer for each question should be around 1000 words: 1. Identify five common project risk strategies employed to address threats that your project may face. Give an example of each. 2. Projects are often completed late. Describe the techniques you would use as a project manager to improve the accuracy and reliability of your project schedule.
In responding to the above points, be sure to: * Critique project theory based on your experience and understanding. This is important –don't just "regurgitate" the theory * Provide examples, data or other relevant information to support your discussion. Examples can be from work experience, research, study group experience, for example. They should demonstrate the theoretical points you are asserting in the questions.
Part 2 (60 marks)
Background

As a consultant you have been asked by the Global Retail Solutions Group (GRS) to develop an implementable project plan for a point of sale and stock control system for a proposed chain (DSE) of retail outlets across Australia. You have been supplied the following information, information not available maybe assumed, this will be a competitive bid targeting the dual goals of quick implementation and low cost.

DSE is an aggressive player in the growing DIY electronics market with a plan to open a chain of retail outlets to further their growth in the market. Outlets will be located in major cities in seven states. The larger cities will have more than one store. Critical to sales is monitoring sales and stock turn to ensure adequate stock is available when demanded. Each